Hormuz reopening hopes send oil prices tumbling as Iran diplomacy gains momentum
]]> Oil prices fell on hopes diplomacy could reopen Hormuz.Iran , Oman finalising deal to manage strategic waterway.Flows through strait down to about one-quarter of pre-war...]]>
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Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Constructive read for Oil & Gas — watch listed names for follow-through.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- Oil & GasPositively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas — Positive · Buy bias. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Constructive read for Oil & Gas — watch listed names for follow-through.
Full Story
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Oil prices fell on hopes diplomacy could reopen Hormuz.Iran , Oman finalising deal to manage strategic waterway.Flows through strait down to about one-quarter of pre-war...]]>
Source: Geo News Business — https://www.geo.tv/latest/679373-hormuz-reopening-hopes-send-oil-prices-tumbling-as-iran-diplomacy-gains-momentum